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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (12856)8/21/2003 7:42:48 PM
From: Lizzie TudorRead Replies (2) of 306849
 
Grace I don't resent anything. I am trying to run a business. We can't get young people to work/live here, that is the issue. There is no housing for people. The housing is taken up by unproductive freeloaders, in this a desirable industrial area.

Of course everybody who is not a productive tech worker sides with the freeloaders. They can see themselves in the situation of some elderly person who bought here 30 years ago and passed laws to insulate themselves from free market dynamics. People rarely see themselves living in my position, trying to hire engineering managers or whatever and having to negotiate with some spoiled, selfimportant granny in order to run a business. I can't really move, because stanford and berkeley are here, so we need to be here.

I notice you fall into the same trap as some other folks here. Grace, I lost millions in the stock market bear- "paper money". The little $$ I lost in real estate pales in comparison to what I had in the bubble. It was never real money of course, but neither is home equity here, it is propped up by this law. So I have no personal axe to grind about my own economic situation, unlike others here whose entire future in terms of wealth rests on this law. My wealth picture does not rest on this law, other than the issue of whether or not I can build a company with all these headwinds like a tax system that is so skewed against the young and young companies.
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